mo4ch:>Apple’s sales forecast spooks stocks in Asia & Europe | Mo4ch News

European and Asian stocks mostly tumbled after US giant Apple worsened its revenues forecast, triggering more investors’ concerns on slowing global growth. US stocks indexes are also expected to have a tough trading day.Apple CEO Tim Cook revealed on Wednesday that the company expects up to a $9 billion drop in the first quarter of 2019, blaming the economic slowdown in mainland China for weakening sales. The news almost immediately affected the markets in Europe and Asia, which closed with losses on Thursday, while Apple shares were also hit.Chinese stocks were lower with the Shanghai Composite index falling nearly 1 percent to finish its trading day at 2,464.36, while Hong Kong’s benchmark Hang Seng was down 0.3 percent. Technology shares in South Korea were also hit with Kospi SEU losing some 0.81 percent.Also on rt.comApple iPhone sales look $9bn worse than expected, CEO blames China & cheap batteriesThe Stoxx Europe 600, representing companies across 17 countries of the Europ…